ADJUSTMENT COSTS AND PRICING-TO-MARKET - THEORY AND EVIDENCE
成果类型：
Article
署名作者：
KASA, K
署名单位：
University of Chicago
刊物名称：
JOURNAL OF INTERNATIONAL ECONOMICS
ISSN/ISSBN：
0022-1996
DOI：
10.1016/0022-1996(92)90034-H
发表日期：
1992
页码：
1-30
关键词：
摘要：
This paper develops an adjustment cost model of pricing-to-market. The model consists of a monopolist who supplies an identical, nondurable good to two foreign markets. It is shown that the degree of pricing-to-market increases with the relative importance of the transitory component in exchange rates. Customs data from 1978 through 1987 on U.S. and Canadian imports of seven German commodities are used to estimate the model's parameters and test its over-identifying restrictions.
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